York Water Co. (NASDAQ:YORW) Director Stephen R. Rasmussen recently purchased approximately $999 worth of stock in the company, according to a new SEC filing. The transaction took place on April 22 and included the acquisition of 29.418 shares at a price of $33.9925 per share.
This recent acquisition by Rasmussen is part of an investment in the York, Pennsylvania-based water company. Following the transaction, the director now owns a total of 3,893.703 shares in York Water. Notably, this total includes shares acquired in the following ways: york water company (NASDAQ:) Dividend Reinvestment Plan as set forth in the footnotes of our SEC filings.
Investors often monitor such insider transactions to see how confident a company's management and directors have in the prospects of the business. While the deal itself may not be large in monetary terms, it could still signal positive sentiment among company executives.
Rasmussen's stock purchase reflects ongoing insider activity at York Water and is an important indicator for investors looking at the company's stock. There are no reports of insider selling at this time, which could suggest a more positive outlook among those closest to the company's management.
YORK WATER CO's stock is publicly traded on the NASDAQ Stock Exchange under the ticker symbol YORW. Investors and analysts will continue to monitor insider buying and selling patterns as part of evaluating a company's financial health and future performance.
Investment Pro Insights
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Considering the recent insider trading in York Water Co. (NASDAQ:YORW), where board member Stephen R. Rasmussen increased his stake in the company's stock, some indicators and InvestingPro tips have implications for the company's financial health and future prospects. can provide additional context for investors considering the
According to InvestingPro data, York Water Co has a market capitalization of approximately US$508 million and a price-to-earnings ratio (P/E) of 21.37. This reflects the company's valuation in the market and suggests investors are willing to pay $21.37 for every $1 of profit. Furthermore, York Water Company's trailing twelve-month revenue as of Q4 2023 was US$71.03 million, with a significant gross profit margin of 75.56%, indicating solid profitability at the gross profit level.
In terms of dividend reliability, one of InvestingPro's tips highlights York Water's impressive track record of 27 consecutive years of dividend increases, which may appeal to income-oriented investors. Another tip points out that the company has maintained its dividend for an even longer period of his 51 consecutive years, further highlighting the company's commitment to returning value to shareholders.
The company's short-term debt exceeds its current assets, which could raise liquidity concerns, but as another InvestingPro tip points out, York Water is near a 52-week low. The fact that it is trading at , could be a potential entry point for investors.
To learn more about York Water Co, visit https://www.investing.com/pro/YORW for additional InvestingPro Tips.Use our coupon code to leverage these insights to enrich your investment decisions pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. In total, 6 more InvestingPro Tips are listed, providing a comprehensive analysis of a company's financial health and market position.
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